Exodus vs MetaMask: Which one should you use?

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Only a person who lives somewhere in the forest doesn’t seem to know about crypto wallets or exchanges. Even pensioners have electronic wallets. Although crypto have been around for over a decade, they have only recently become a massive topic of conversation when bitcoin skyrocketed in value.

Digital сurrencies have been established as a financial product. Even if prices jump up and down in a roller coaster ride, it is no longer possible to imagine a capital market without cyber currencies. 

Every day, currency is steadily conquering the electronic world. So, a lot of people who were able to appreciate its benefits gave up their main job and started trading. When trading on stock exchanges was accessible only to a narrow circle of people, to brokers, who buried themselves in piles of papers and monitored price movements of various assets, it has long been history. The whole process, connected with this activity, was almost entirely transferred to the World Wide Web. Moreover, it has become accessible to the majority of network users. Today, anyone can become a trader, regardless of specific knowledge or amount of initial capital.

While the market often still lacks the necessary government regulations and the venue is generally considered less trustworthy, there are reputable crypto exchanges such as Exodus and MetaMask.

If you’re in search of a wallet for your digital assets, we have two great contenders for you: Exodus wallet vs Metamask. Both of these storage-free wallets offer a range of features, including a superior user experience, top-notch security, and extensive platform support. We’ve studied their features in-depth and compared the two wallets so you can easily decide which one makes sense to use.

Exodus vs MetaMask: Features

Metamask vs Exodus wallet are cryptocurrency wallets with competing features. One focuses on web platforms and developer support, while the other prioritizes ease of use and versatility for end users.

Here are the following features you need to know:

MetaMask

  • MetaMask is a highly popular wallet with a website extension that provides access to interact with EVM-compatible blockchains such as ETH, Polygon, and others. With MetaMask, users can easily store, buy, and exchange cryptocurrencies.
  • Members can also easily access decentralized applications such as Compound Finance and Aave. MethodMask supports in-app exchanges through popular decentralized asset exchanges such as Uniswap, Sushiswap, and 1 inch, while charging an exchange fee of 0.875% for ease of use.
  • MetaMask wallet is open source, which means that the code is transparent and available for anyone to view. This helps ensure the security of the wallet, as it has been tested in real-world environments for many years.
  • Also, MetaMask offers support for NFTs (non-fungible tokens) for EVM-compatible blockchains, allowing users to easily manage and trade these unique digital assets. In addition, MetaMask offers third-party integrations with popular services such as PayPal, allowing users to easily buy cryptocurrency with fiat and manage their finances.
Metamask: A Crypto wallet & gateway to blockchain apps

Exodus

  • This is a great option for securely managing your crypto assets. Available on multiple platforms such as browsers, apps, and desktops, Exodus offers a sleek and modern user interface that is easy to navigate. With Exodus, users can buy, sell and exchange cryptocurrencies such as Bitcoin, Ethereum, and many others.
  • Exodus Wallet also has an in-app exchange feature through exchanges such as OpenOcean, Kyber Network, and Rango, with exchange fees ranging from 2-5%. This makes it easy for users to exchange one cryptocurrency for another without leaving the wallet. Like MetaMask, Exodus also supports NFT on Ethereum and Solana blockchains.
  • Exodus also offers third-party integrations with services such as Compound Finance and MoonPay. With Compound, users can earn interest on their cryptocurrency assets, while MoonPay allows them to buy cryptocurrency with fiat money.
Only a person who lives somewhere in the forest doesn't seem to know about crypto wallets or exchanges. Even pensioners have electronic wallets. Although crypto have been around for over a decade, they have only recently become a massive topic of conversation when bitcoin skyrocketed in value.
Exodus Bitcoin & Crypto Wallet: Manage and swap 260+ cryptos and NFTs on your web browser, mobile, desktop and hardware wallets

What is Exodus Wallet?

Exodus Wallet, which was founded in 2015 and is headquartered in San Francisco, has more than 300 employees and a user base of more than 1 million users. Its Android app has been downloaded more than 1 million times and has a solid 4.6-star rating based on more than 100,000 reviews.

Read more:  Metamask vs Ledger: Which one should you use?

In addition, its browser extension has been downloaded more than 50,000 times and has an impressive 4.5-star rating. Offering users convenient and secure solutions for storing, sending, and receiving cryptocurrencies.

With the help of a hot wallet, users store their keys online. Such software is available as a desktop or mobile version, as well as a browser extension. If the level of security is not high enough and you prefer a cold wallet, you can simply connect the software to Trezor. There is also an option to export private keys.

Exodus: Pros & Cons

ProsCons
Free to use with an extremely pleasant user interfaceNot completely open source
Make bets right in your wallet and earn passive moneyOnly supports Trezor hardware wallets
Conduct exchanges in the wallet  Stacking does not support hardware wallets at all
Highly secure in combination with the Trezor hardware wallet

So, exodus is the top choice for beginners, and is the perfect choice for beginners. Its user-friendly features, high security and cross-platform support make it a great wallet for those just starting their journey into cryptocurrency. In addition, it offers a quick chat service if users have any doubts or any problems.

What is MetaMask Wallet?

MetaMask was founded in 2016 in the United States and has over 60 employees. The company boasts an impressive user base with more than 30 million shared downloads. The app has been downloaded more than 10 million times on Android and has a solid 4.4-star rating based on more than 200,000 reviews. The browser extension has also been downloaded more than 10 million times and has an above-average rating of 3 stars with more than 3,000 reviews.

MetaMask has many features that make working with cryptocurrencies more convenient. One example of convenience is the integration of a token exchange feature into the app, instead of using one particular decentralized exchange. This feature scours the DeFi space and finds the best liquidity offers at the lowest prices.

Overall, MetaMask makes interacting with the Ethereum blockchain pretty easy. Although it is a hot wallet, it can be integrated with cold wallets such as Ledger Nano to further enhance security.

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MetaMask: Pros & Cons

ProsCons
The most famous browser-based cryptocurrency walletNo desktop application
Incredibly rich functionality with access to a whole world of DeFi projects, stacking and swapsUser interface is a bit clumsy compared to competitors
Accepted by more crypto sites than any other walletNo NFT gallery
Fully open source

MetaMask is a popular cryptocurrency wallet that supports a wide range of Ethereum-based tokens and non-playable tokens (NFTs) on supported blockchains. While experienced crypto investors may appreciate the wallet’s speed and simplicity, new investors may find it difficult to navigate. In addition, the wallet does not support Bitcoin, making it unattractive to investors whose primary investment is Bitcoin.

Exodus vs MetaMask: Currencies

Both Metamask vs trust wallet vs Exodus support a wide range of blockchain networks and their corresponding cryptocurrencies. However, Exodus supports all the networks that Metamask supports, and even more, offering a bid for additional networks such as Cardano (ADA) and Solana (SOL).

While both wallets support a large selection of digital assets, Exodus has more flexibility than Metamask because Metamask users who want to hold Cardano or Solana (for example) will have to get another wallet to do so.

MetaMask users can store, buy and send 1,000 cryptocurrencies through the many EVM-compliant blockchains that MetaMask supports. This also includes support for several stablecoins such as USDT, USDC, BUSD, and DAI. These stablecoins can be accessed on MetaMask via Ethereum, Avalanche, Fantom, Optimism, and Atribtrum.

Read more:  5 Best Crypto Hot Wallets

MetaMask also offers hardware wallet integration with five popular devices, including Ledger and Trezor, adding an extra layer of security to users’ cryptocurrencies.

Exodus Wallet, on the other hand, is a more versatile wallet that supports 290 coins on 15 different blockchains, including Bitcoin, Ethereum, BSC, Avalanche, Fantom, and Solana. While providing access to more blockchains, Exodus also supports more stablecoins such as USDT, USDC, PAX, GUSD, TUSD, BUSD, and DAI. While Exodus does not support as many hardware wallets as MetaMask, it does offer support for the popular Trezor device.

Coinbase vs MetaMask: Fees

When someone wants to send cryptocurrency, they create a special message called a transaction and send it to many computers around the world.

Transaction fees in Exodus are limited to miners or network fees, which may seem great (no additional fees). However, you can’t regulate these commissions for most currencies (Bitcoin and Ether are the exceptions), so you always have to pay the highest commissions to make your transaction go fast. Many users don’t like this, and the wallet gets a portion of criticism for this. The commissions in MetaMask can also be high. 

However, MetaMask is more flexible. It allows users to choose a network with lower fees. Overall, both wallets can be expensive for us, but on MetaMask you have more freedom in managing commissions, and therefore you lose less on commissions.

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Exodus vs MetaMask: Customer Support

If you have problems with your wallet, you are new to cryptocurrencies and would like to know more, or you have feedback and suggestions you are always ready to help! There are official channels for contacting Exodus.

Exodus staff will never ask for confidential information, including passwords, private keys, or secret recovery phrases.

Only a person who lives somewhere in the forest doesn't seem to know about crypto wallets or exchanges. Even pensioners have electronic wallets. Although crypto have been around for over a decade, they have only recently become a massive topic of conversation when bitcoin skyrocketed in value.
Exodus Wallet: Support

MetaMask offers customer service only through this Help Center and community forums. 

They will also not ask you for Secret Information!

If someone asks you for this information, don’t give it to them! 

You will have a detailed explanation of where and how they provide support before you begin. 

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Exodus vs MetaMask: Reputation and Trust

When it comes to cryptocurrency wallets, reputation, and trust are extremely important.

MetaMask is an open-source wallet that has been audited by security experts such as Least Authority. It also offers a “bug bounty” program in conjunction with HackerOne, providing an additional layer of security by rewarding those who find and report any potential vulnerabilities.

Only a person who lives somewhere in the forest doesn't seem to know about crypto wallets or exchanges. Even pensioners have electronic wallets. Although crypto have been around for over a decade, they have only recently become a massive topic of conversation when bitcoin skyrocketed in value.
Metamask Wallet: Security

In addition, MetaMask has implemented advanced anti-phishing measures to protect users from fraud, such as alerting users to phishing sites and suspicious transactions.

Exodus Wallet, while not a fully open wallet, is regularly updated and verified, and has implemented advanced security measures. It also offers a “bug bounty” program in conjunction with HackerOne, allowing security researchers to identify and report any potential vulnerabilities.

Like MetaMask, Exodus has robust anti-phishing technology to protect users from fraudulent activity. For example, Exodus provides users with clear warnings about known phishing sites and attempts to block access to those sites.

Ultimately, both Metamask wallet vs Exodus provide users with a secure environment for storing and managing digital assets.

Exodus vs MetaMask: User Experience

One of the key advantages of cryptocurrency is its decentralized nature, i.e., the absence of a central authority that controls it. This distinguishes it from traditional forms of currency, which are controlled by banks and governments. Because cryptocurrencies are decentralized, they are not subject to the same rules and fees as traditional currency, making them more accessible to people around the world.

While MetaMask is a non-custodial wallet that is available as an extension for several popular browsers, it has a basic and static user interface. You can download MetaMask as a browser extension and an app, but it is not available for desktop computers.

Read more:  Coinbase vs MetaMask: Which one should you use?

The Exodus Wallet, on the other hand, offers a modern and fresh user interface for multiple EVM-based blockchains and also offers support for blockchains such as Bitcoin, Litecoin, Solana, and many others. Available for Google Chrome and Brave browsers, Exodus Browser Wallet is also available for desktop use, and if you prefer to use it on a desktop computer, you can download it to Windows, MacOS, and Linux devices.

Exodus vs MetaMask: Mobile App

Exodus is not only a multi-asset wallet but also allows for operation on multiple platforms, with desktop, mobile, and hardware wallet options. Mobile functionality is available for both Android and iOS, while the desktop offering works on Windows, Linux, and Mac.

MetaMask Mobile provides users with key storage, a secure login, and a wallet for tokens. If users already have the MetaMask desktop extension, they can simply generate a QR code, scan it with their mobile device, and the entire transaction history will be synced within seconds.

Only a person who lives somewhere in the forest doesn't seem to know about crypto wallets or exchanges. Even pensioners have electronic wallets. Although crypto have been around for over a decade, they have only recently become a massive topic of conversation when bitcoin skyrocketed in value.
Exodus Wallet: Your Wallet + The Best Crypto Apps

Apps like MetaMask offer everyone a portal to a more transparent and security-oriented Internet. MetaMask does everything the standard Ethereum wallet does: it manages cryptocurrencies. But unlike other wallets, it also allows people to explore Web3 as easily as any mobile web browser. 

Exodus vs MetaMask: Deposit and withdrawal methods

You can’t be inside an Exodus wallet. You have to send your cryptocurrency to an exchange like Coinbase to withdraw it to your bank account or debit card. 

Exodus does not charge any transaction or trading fees. However, there is a spread built into the price of cryptocurrencies, which is shared between third-party exchange providers and Exodus. In addition, you will pay network fees to miners, as you would when sending and receiving cryptocurrencies in any context.

If you have ETH or other tokens that you want to exchange into fiat currency, you will have to do so on an exchange, as MetaMask does not provide such a service. This means that you will have to manually send the tokens to the exchange platform of your choice. 

When you do this, please keep in mind:

  1. You will need some of the network’s tokens to pay the transaction fee for sending tokens. This could be, for example, ETH for Ethereum mainnet, or BNB or MATIC for BNB Smart Chain or Polygon, respectively.
  2. You need to make sure that the exchange supports the network and the tokens you are using. For example, if you are sending MATIC, make sure the exchange supports the type of MATIC you are using (ERC-20 or native). You should not send native MATICs (on Polygon itself) to an exchange that only supports ERC-20 MATICs, as you will likely lose tokens forever. Be sure to check the exchange support documentation to clarify which network you should send it to.

Conclusion

Exodus and Metamask wallet depends on a lot of individual factors. If you don’t mind integrating a hardware wallet or if you already have a Trezor wallet, Exodus is probably the better option because it supports more crypto assets than Metamask. That’s because otherwise, they both have pretty much the same capabilities.

Conversely, the MetaMask browser extension is compatible with many more sites than Exodus and is the first choice for DeFi enthusiasts. MetaMask also allows users to choose between Ledger, Trezor, and Lattice hardware wallets.

However, Exodus has its advantages. First, unlike MetaMask, it supports a more diverse set of cryptocurrencies. This point can be crucial for many users. Just imagine a situation where you are looking for a multicurrency wallet and then you find that MetaMask does not support most of the cryptocurrencies you want to use. This makes Exodus a better choice than MetaMask, despite several drawbacks. If you are looking for an exchange connection, Exodus may be a better choice. In terms of errors and lag, Exodus also works better than MetaMask. Exodus’ customer service is another point on which MetaMask does not stand up to the competition. 

If you have a different brand of cryptocurrency wallet, such as Ledger, you are better off using Metamask because it supports Ledger and other hardware wallets. Overall, neither wallet is a bad option, and it’s not hard to just buy both and use them accordingly.

To summarize, the Exodus is probably better if you want to own a diverse set of cryptocurrencies while enjoying a nice interface. Just remember that you are limited to Trezor wallets.

We believe you now have enough information to decide which wallet is the best choice for you.

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